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Cookware and home furnishings seller $WSM reported a decline in 1Q16 earnings due to supply chain and inventory initiatives, and lower franchise and wholesale margins. Net income slid to $39.6MM or $0.44 per share from $44.79MM or $0.48 per share last year. Net revenues grew to $1.1Bil from $1.03Bil. Non-GAAP EPS was $0.53 for 1Q16.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?